Economy would not be hurt by emission limits, study says

From the AP via Climate Ark:

Mandatory limits on all U.S. emissions of carbon dioxide and other "greenhouse" gases would not significantly affect average economic growth rates across the country through 2025, the government says.

That finding by the Energy Information Administration, an independent arm of the Energy Department, runs counter to President Bush's repeated pronouncements that limits on carbon dioxide and other gases would seriously harm the U.S. economy.

Bush has proposed ways of slowing the growth rate in U.S.-produced greenhouse gases and methods to reduce emissions of methane internationally.

But he rejected U.S. participation in the Kyoto international treaty negotiated by the Clinton administration — a pact that is intended to mandate reductions in emissions.

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I had suspected that this was true, and even if it was not, the long term economic costs of global warming would certainly outweigh any short term costs incurred by reducing emissions. Yet another non-surprise: the Bush administration was lying about the Kyoto treaty--after all, without their own legitimate studies, how could they know? But then, we already know that that the current White House is pretty much built on lies. About everything. What's surprising is that the White House allowed one of its own agencies to perform this study in the first place.

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